Auto industry: PSA to buy Opel, Vauxhall for €2.2bn
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By buying General Motor's European business, the makers of Peugeot and Citroen cars will become the second biggest auto group in Europe behind Volkswagen. PSA's CEO Carlos Tavares says he's aiming to save €1.7bn annually with the operation, even though Opel has been running at a loss for decades. Also today, we take a look at the 6.5% GDP growth target announced by Chinese authorities for 2017.